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April 01, 2015 8:23 PM ET

Insurance

Company Overview of QBE Insurance Corp.

Company Overview

QBE Insurance Corp. offers non-life insurance services. The company was founded in 1997 and is based in New York, New York. QBE Insurance Corp. operates as a subsidiary of QBE Holdings, Inc.

88 Pine Street

Wall Street Plaza

4th Floor

New York, NY 10005

United States

Founded in 1997

Phone:

212-422-1212

Fax:

212-422-2424

Key Executives for QBE Insurance Corp.

Senior Vice President
Chief Financial Officer of QBE Insurance Group
Age: 65
Compensation as of Fiscal Year 2014.

QBE Insurance Corp. Key Developments

U.S. District Court for the Southern District of Florida Denies Summary Judgment Sought by an Insured Condominium Association on its Breach of Contract Claim against QBE Insurance Corp

The U.S. District Court for the Southern District of Florida denied summary judgment sought by an insured condominium association on its breach of contract claim against its property insurer arising from a dispute over the extent of covered damages to the insured's property caused by Hurricane Wilma. A fact issue was raised as to whether the insured complied with contractual obligations in pursuing its claim. In 2005, the Cypress Chase Condominium Association purchased a commercial property damage insurance policy from QBE Insurance Corp. The policy was in effect when Hurricane Wilma struck and damaged Cypress' property on Oct. 24, 2005. QBE's adjuster estimated Cypress' covered damage at $67,807, substantially less than Cypress' $354,420 deductible. Cypress contended the adjuster failed to note certain damages to its roof, windows and sliding glass doors. The parties were unable to reach an agreement, and on Dec. 3, 2010, Cypress sued QBE for breach of contract and wrongful denial. Cypress moved for summary judgment. The district court rejected QBE's contention that the action was barred under the applicable statute of limitations. Insurance contract disputes in Florida have a five-year statute of limitations, and the action was filed just before the fifth anniversary of Hurricane Wilma and, as a result, was timely. The court separately held that Cypress failed to rebut QBE's evidence in support of QBE's affirmative defense alleging Cypress failed to comply with the examination under oath requirement contained in the policy. The record indicated that a Cypress representative did not fully participate in the examination because the representative did not prepare and knew very little about the claim.

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